This is a very plain blog with quotes from and links to articles I found interesting, thought-provoking, or relevant to the times. Linking is neither endorsement nor condemnation. Run by http://willslack.com

27 December, 2014

James Surowiecki | What the History of Silicon Valley Teaches | Foreign Affairs

James Surowiecki | What the History of Silicon Valley Teaches | Foreign Affairs: Thiel obviously thinks that entrepreneurs should do the latter—if they have genuinely great ideas. (Otherwise, he suggests, they’re better off going to work for someone else who has a great idea.)As he puts it, “better to risk boldness than triviality.” And although he recognizes that luck plays a role in whether or not one succeeds, he contends that entrepreneurs need to “prioritize design over chance.” Even though they may know that the potential outcomes of their actions are uncertain, they need to plan, and not use that uncertainty as a crutch. These are the things that Isaacson’s innovators did. Isaacson’s history suggests that by its very nature, successful innovation requires a leap of faith, a willingness to believe that one can go from zero to one. Or, as the computer scientist Alan Kay has put it, “The best way to predict the future is to invent it.”